Just got offered a job by my audit client in a really cool position they are creating. the role would be at least a 45% raise. Ahhhh what to do next. So conflicted

Set aside independence nazis. This is between you and the person who offered you. Priority #1 is you. If running to your project manager jeopardizes this job offer (which sounds amazing), I would hold off. If it's something you aren't even remotely interested in, go ahead and report it. (I wouldn't. It would just piss everyone off.) Now if it's something you definitely want, you need to tell the client manager who offered the job the pickle you're in. Explain there is a cooling off period but make you sure you express your interest. They'll know how to handle it from there. Plenty of auditors get offered by current clients. It's not a mortal sin.

Commence the "I'm the worst person ever" comments.

Op you don't have to have an offer letter or be formally interviewing to have an independence issue. For your own benefit I would read up on EY independence. The last thing you want is dealing with a personal independence issue if you dont end up taking the job and stay at EY.

Put down your pencil and tell the In-charge. You are now an independence issue.

Conflicted?!!?!?!?! WTF ABOUT? Go..

Regardless of if you want to take the job (idiot not to), you need to let the manager know immediately. You are no longer Independent.

If your client approached you about the job, they are probably in breach of the engagement letter.

Get off the audit to maintain its independence and then turn in your 2 weeks and accept the job. 😁

Yea you need to alert the lead audit partner. Telling your manager isn't enough. It doesn't mean you can't take the job. But if you don't alert your audit partner, you are in violation of EY independence requirements.

The day FB collectively pooped in OPs cereal :)

If you're a staff they can hire you. There are ways around independence issue when it's a low level position. But if you don't immediately alert the partner in charge, client definitely can't hire you.

Not sure the client is going to hire you once their CFO finds out about the independence issue. They won't hire you for a year.

Independence in fact and appearance. Either way, you will need to tell your engagement partner ASAP. Im sure the firm has standard risk management procedures for stuff like this.

I literally have never heard of anyone getting in trouble for taking a job with a client. Personally seen at least 4 people leave and was offered myself. Unless you're a partner or some other high up, no one gives a fuck.

You're required to report. You're no longer independent if you have an open job offer from a client that you are actively engaged on the current year audit. It's not that hard of a concept to grasp.

Sounds like some of the smaller firms are lax on independence. Interesting. EY is not - they came out with new guidance on punishment for independence violations and it's aggressive. And can ends in being fired. Or at least paying EY an independence violation fine $$$. It's not a joke so don't be stupid (like GT).

Sounded like you had participated in the interview process and been formally offered a job from your lead in 'just got offered a job'

^Can definitely lose your license for this. Go to your states accountancy site and look it up. Did you not take the ethics exam when you obtained your license?

My apologies for the misleading statement. This was all informal lunch chat

Ya bc who would offer a staff person 45% raise for a role that doesn't even exist... seriously everyone who responded is out of their mind to believe this would ever be on paper

@Supervising Senior 1: Yea and just like "sodomy" is technically illegal in Texas, I don't see anyone gettin brought up on charges for butt stuff. No one gives a shit.

(@ey4)